Why Bitcoin is dropping – EU Banks

Bitcoin has been holding a steady 630-650 on BTC-E but right now we are experiencing a drop in bitcoin prices, what caused it? EU Banks According to the bloc’s top banking regulator European Banks must shun virtual currencies until regulations fall in place. The European Banking Authority is developing safeguards for trading platforms in order to stop groups that would oversee each itnernet currency and ensure that no individuals are …
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Tim Draper wins the Bitcoin auction

The winner Tim Draper – A venture capitalist was the sole winning bidder of the USMS bitcoin auction which featured nearly 30,000 bitcoins. Mr Draper was the auction winner and he teamed up with the Bitcoin exchange Vaurum to help provide liquidity to the emerging market. Avish Bhama, the co-founder of Vaurum said: Vaurum has launched trading platforms in emerging markets, and we will be partnering with Tim to leverage …
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How to convert PayPal to Bitcoin

In this article I will teach you how to convert your PayPal to Bitcoin. Localbitcoins To convert PayPal to Bitcoin use the site LocalBitcoins . LocalBitcoins is a service that enables people to buy and sell Bitcoins between each other in OTC fashion, similar to Craigslist. The site advertises having exchangers from 162 countries as of 9/7/2013. It allows for not only conversions of Bitcoin to Cash, but it also allows for …
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Newegg is now accepting Bitcoin

Newegg is accepting Bitcoin Newegg is an online electronics retailer that is known to sell computer parts, hardware, and many other related items. It has reported roughly $2 billion in sales for 2013 which is almost double that of overstock which is also an online retailer. Newegg is turning to the bitcoin-payment processor Bitpay to handle orders paid with the virtual currency. Claiming that Newegg’s customers were among some of the …
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